Real Estate Limited Partnership (RELP) securities have attracted substantial investor interest, but limited research study. This paper, utilizing a very recent database of actual RELP secondary market transactions, provides preliminary evidence regarding the relative performance of RELP...

This study analyzes the rates of return of 53 Real Estate Limited Partnerships (RELPs). The authors utilize market-derived figures for terminal values, thus providing more realistic computations of IRRs than have appeared in other studies. The authors also examine the effect of holding period on...

This article chronicles the past, present, and future of the American Real Estate Society (ARES). The primary mission of ARES is to be the leading real estate research and education organization globally that influences real estate thought leadership and decision making. To accomplish this...

One of ARES' initial and central objectives has been the creation and dissemination of knowledge relevant to real estate problem solvers. To achieve this objective and to make the real estate publication market more complete, ARES developed a portfolio of publications. This paper reviews the...

The income approach to appraising real property has been criticized in at least three general areas: the use of point estimates for input variables and market value, the failure to use an after-tax valuation model, and the ability of a single valuation model to capture the market for a given...

In selecting a career, students seek to maximize expected satisfaction. Expected satisfaction is a function of perceptions of the relative level of critical attributes possessed by a career area. This paper uses multidimensional scaling to produce a perceptual space to analyze the perceived...

This article chronicles the past, present, and future of the American Real Estate Society (ARES) over its first 25 years of existence with particular emphasis on the present and future. The goal of ARES is to be open and friendly to all and to be a thought leading organization relevant to both...

This paper explores cognition and its impact on the uncertainty and risk that surround real estate enterprises. We posit that cognition creates its own risk and affects risk from other sources in many ways, and we situate an overlay paradigm within a behavioural real estate paradigm. We develop...